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Archive for April, 2009

O'Reilly Automotive Inc. Q1 2009 Earnings Call Transcript - Seeking Alpha

by @ Thursday, April 30th, 2009. Filed under Uncategorized

O'Reilly Automotive Inc. Q1 2009 Earnings Call Transcript
Seeking Alpha, NY
Such statements are subject to risks, uncertainties and assumptions including, but not limited to competition, product demand, the market for auto parts, the economy in general, inflation, consumer debt levels, governmental approvals, our ability to

Chrysler Suppliers Rely on Court, US for Payments - Bloomberg

by @ Thursday, April 30th, 2009. Filed under Uncategorized

Chrysler Suppliers Rely on Court, US for Payments
Bloomberg
Precision Metalforming Association, based in Independence, Ohio, said in a statement today. “Little attention has been focused on the thousands of middle-market, lower-tier suppliers comprising the bulk of the automotive supply chain,” Gaskin said.

BUYINS.NET: PG, NLY, DOW, HIG, TSM and KIM Expected To Be Higher … - Trading Markets (press release)

by @ Thursday, April 30th, 2009. Filed under Uncategorized

BUYINS.NET: PG, NLY, DOW, HIG, TSM and KIM Expected To Be Higher
Trading Markets (press release), CA
The property and casualty insurance business includes five segments: Personal Lines, Small Commercial, Middle Market, Specialty Commercial, and Other Operations. Personal Lines segment offers automobile, homeowners', and home-based business coverage.
BUYINS.NET: ANPI, FBR, CORS, OSTE, TVL and QCCO Expected To Be Trading Markets (press release)
BUYINS.NET: SRCL, AVY, HSP, AG, BEC and HMC Expected To Be Higher Trading Markets (press release)
all 164 news articles

3 Ohio banks may be stressed: Huntington, Key, Fifth-Third may … - Trading Markets (press release)

by @ Thursday, April 30th, 2009. Filed under Uncategorized

3 Ohio banks may be stressed: Huntington, Key, Fifth-Third may
Trading Markets (press release), CA
"Capital is king and clearly the market and government want banks to have more capital." The Deutsche Bank report found that Huntington has made "a lot of progress" in reducing its exposure to toxic mortgages and boosting its liquidity in recent months

US auto sales may have hit bottom, some experts say - USA Today

by @ Thursday, April 30th, 2009. Filed under Uncategorized

US auto sales may have hit bottom, some experts say
USA Today
Other analysts predicting the market may have hit bottom include forecasters for auto site Edmunds.com, which says the industry is slowly picking up momentum. Citigroup analyst Itay Michaeli sees sales increasing as the "tug-of-war between rising

Chattanooga: VW chief: Plant an opportunity, not risk - Chattanooga Times Free Press

by @ Thursday, April 30th, 2009. Filed under Uncategorized

Chattanooga Times Free Press

Chattanooga: VW chief: Plant an opportunity, not risk
Chattanooga Times Free Press, TN
“If the market demands, we will increase our capacity here,” he said. “I'm pretty convinced that later, strategically, we'll increase capacity.” Matt Kisber, state commissioner of economic and community development, said officials from the beginning

Polk: Most Consumers Will Buy Vehicles In Next Two Years - MediaPost Publications

by @ Wednesday, April 29th, 2009. Filed under Uncategorized

Autochannel (press release)

Polk: Most Consumers Will Buy Vehicles In Next Two Years
MediaPost Publications, New York
by Karl Greenberg, Yesterday, 8:56 PM Market firm RL Polk and Company says the temperature of the auto market should be heading up by 2011. The firm says the majority — 55% — of US consumers will buy their next vehicles within two years.
Majority of US Consumers Plan to Buy Next Vehicle Within Next Two PR Newswire (press release)
all 16 news articles

Goodyear swings to loss as global demand dries up - MarketWatch

by @ Wednesday, April 29th, 2009. Filed under Uncategorized

The Associated Press

Goodyear swings to loss as global demand dries up
MarketWatch
The Akron, Ohio-based company reported a loss of $333 million, or $1.38 a share, vs. a profit of $147 million, or 60 cents a share, a year earlier. Sales fell to $3.5 billion from $4.9 billion as tire unit volume dropped 20%. Steep declines in auto
Goodyear loss smaller than expected, shares zoom guardian.co.uk
all 190 news articles

Governor's Report: Michigan is Still in Motion - Business Facilities

by @ Wednesday, April 29th, 2009. Filed under Uncategorized

Business Facilities

Governor's Report: Michigan is Still in Motion
Business Facilities
The incentive will accelerate Ford's aggressive electrification strategy, which aims to bring at least four electric-powered vehicles to market by 2012. The state also is expanding its advanced automotive research outside of the metro Detroit area.

Novi auto auction takes on an unpredictable route - The Detroit News

by @ Wednesday, April 29th, 2009. Filed under Uncategorized

The Detroit News

Novi auto auction takes on an unpredictable route
The Detroit News, MI
The market proved as unpredictable as the late April weather for the RM Auctions sale here at the Rock Financial Showplace. Some of the best-touted cars like a 1937 Lincoln K Judkins, a 1955 Packard Caribbean convertible and a 1970 Plymouth 'Cuda AAR

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